OAR 441-860-0110
Examination Charges Mortgage Bankers or Mortgage Brokers Pay to the Director

(1)

Examination charges shall be paid upon receipt of the invoice of examination fees.

(2)

In addition to the initial application and renewal fees assessed under ORS 86A.124 (Supervisory authority of director over mortgage bankers, mortgage brokers and mortgage loan originators) and these rules, licensees shall pay an examination charge in the amount of $75 an hour for each person used in performance of the examination.

(3)

Notwithstanding section (2) of this rule:

(a)

If an employee of the Department is required to travel out of state to perform the work described by section (2) of this rule, the rate of charge is $75 per hour plus costs for travel and subsistence for each such person;

(b)

If the work described in section (2) of this rule is performed by a consultant hired by contract for the particular work, the charge payable by the licensee is the actual cost to the director of the contract consultant.

Source: Rule 441-860-0110 — Examination Charges Mortgage Bankers or Mortgage Brokers Pay to the Director, https://secure.­sos.­state.­or.­us/oard/view.­action?ruleNumber=441-860-0110.

Last Updated

Jun. 8, 2021

Rule 441-860-0110’s source at or​.us